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Montana Labor Market Information

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MONTANA – Governor Steve Bullock today announcement Montana’s unemployment rate once again held steady, remaining at 3.9% in September. The unemployment rate has held at 3.9% since May. The U.S. unemployment rate declined by 0.2 percentage points to 4.2%.

“Montana’s economy is strong, businesses are growing, and more Montanans are working than ever before in our state’s history,” said Governor Bullock. “With strong growth and low unemployment driving up wages, Montana workers across the state are putting more money in their pockets on payday and generating economic activity in their communities.”

Total employment (which includes payroll jobs plus the self-employed and agricultural workers) increased by 870 jobs over the month on a seasonally adjusted basis. Payroll jobs remained level over the month, with gains offset by small losses in retail and leisure activities. The small losses in retail and leisure were likely caused by reduced tourist spending due to this summer’s wildfires.

The Consumer Price Index for All Urban Consumers (CPI-U) increased by 0.5% in September because of a sharp, 13.1% increase in gasoline prices. Over the last 12 months, the CPI-U has increased by 2.2%. The index for all items less food and energy, also called core inflation, increased 0.1% in September.

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** Unemployment figures are seasonally-adjusted. Seasonally-adjusted numbers remove the effects of events that follow a more or less regular month-to-month pattern each year. These adjustments make nonseasonal patterns easier to identify. The margin of error for the unemployment rate is plus or minus 0.5 percentage points at the 90 percent confidence level. All questions relating to the calculation of unemployment rates should be directed to the Montana Department of Labor and Industry’s Research and Analysis Bureau at 1-800-541-3904.

The next Labor Situation Report for the month of October 2017 will be released on Friday, November 17, 2017.